Zillow founder Rich Barton loves placing industries inside glass houses (most notably in real estate), and may now become the cause of painful overexposure (or welcome relief) for industry executives. It seems he just unveiled GlassDoor, which will reveal salary reports, compensation figures and reviews from employees.
GlassDoor, based in Sausalito, CA, currently has around 2,000 salary reports from over 250 companies along with a current reports from around 1300 employees of these companies. In order to lure the curious, the site is offering free peeks into salaries and employee reviews for Google, Inc., Yahoo, Inc, Microsoft, and Cisco Systems, Inc.
I don’t yet know whether the site will remain free or become one based on paid subscriptions. We might imagine that if GlassDoor is sticky enough and has a gazillion visitors, advertising might pay its way.
According to the San Jose Business Journal, who released the story, GlassDoor will be reviewing salaries and reports prior to posting.
Current spotlight?
Eric Schmidt, Google CEO, has an employee approval rating of 83 percent, while Cisco CEO John Chambers scores 93 percent. This may prove to be one of the hottest water coolers around.
Kudos for the coup, Rich Barton!
Hopefully those salary reports are more accurate than Zillow home evaluations…
Am also wondering if Barton’s Glass Door will include bonuses and stock options?
Transparency is often not what it seems.